MergerPlace

Disaster Restoration Firm - Ottawa

Ontario


  • Asking Price: $2,900,000
  • Gross Income: $6,095,290
  • Cash Flow: $438,209
  • Real Estate: Not Disclosed
  • Inventory: $31,100
  • FF&E: Not Disclosed
  • Listing ID: #199206
  • Established: 1989
  • Employees: 12 FT/12 PT

Business Description

This successful North Eastern Ontario business offers a full range of restoration services and asbestos cleanup. They repair and replace anything impacted by flood and water damage, fire and smoke damage, vehicle damage plus mold or vandalism. The owners have a solid management team in place that will help the purchaser transition into the business. Revenues approached $6.1 Million in the past year and were roughly $7.0 Million in the prior 2 years. Gross profits in the latest year were $1.9M. Normalized cash flow for the last 3 years averaged $809,000. Commission and Salary expenses are the largest OPEX items followed by rent and vehicle expenses. The business holds a number of contracts with major insurance firms. It is part of a national remediation and restoration business alliance with independently owned geographic locations.


Business Details

Primary Business Category: Services - Waste Management & Remediation
Location: Ontario

Company Information

Year Established: 1989
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 12 FT/12 PT

Financial Information

Asking Price: $2,900,000
Gross Revenue: $6,095,290
Cash Flow: $438,209
Inventory: $31,100
Seller Financing Available: No

Property Information

Facilities:

The business operates out of approximately 20,000 sq. ft. facility in Ottawa, with plenty of parking and additional outside storage.

Growth & expansion opportunities:

Significant potential for growth exists by client acquisition, organic/geographic expansion or the acquisition of other locations.

Competition:

There are a handful of disaster recovery/damage mediation firms in Canada. This operation is the local affiliate in their area for one of them. Independent ownership exists for each location while the national alignment facilitates agreements with national insurance companies that want one contract.point for their clients.

Reason for selling:

Owner Retiring.

Support & Training:

Will train for 8 weeks @ no cost. The company provides disaster recovery and restoration for all flood, fire, mold, theft, asbestos and natural disaster events.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Gordon Schofield

Murphy Business Brokers